HSBC 2015 Annual Report Download - page 136

Report of the Directors: Risk (continued)
Credit risk
HSBC HOLDINGS PLC
134
Movement in impairment allowances by industry sector and by geographical region
Europe Asia MENA
North
America
Latin
America Total
$m $m $m $m $m $m
Impairment allowances at 1 January 2015 4,455 1,356 1,406 2,640 2,529 12,386
Amounts written off
Personal (627) (416) (114) (554) (996) (2,707)
–
first lien residential mortgages (12) (6) (1) (344) (24) (387)
–
other personal3 (615) (410) (113) (210) (972) (2,320)
Corporate and commercial (657) (179) (222) (106) (309) (1,473)
–
manufacturing and international trade and services (234) (149) (214) (28) (213) (838)
–
commercial real estate and other property-related (244) (5) (8) (57) (30) (344)
–
other commercial4 (179) (25)
–
(21) (66) (291)
Financial (12)
–
–
(2)
–
(14)
Total amounts written off (1,296) (595) (336) (662) (1,305) (4,194)
Recoveries of amounts written off in previous years
Personal 340 135 30 57 119 681
–
first lien residential mortgages 6 4
–
26 (17) 19
–
other personal3 334 131 30 31 136 662
Corporate and commercial 46 30 318 27 124
–
manufacturing and international trade and services 16 20 2 8 15 61
–
commercial real estate and other property-related 24 5
–
5 2 36
–
other commercial4 6515 10 27
Financial 2
–
–
1
–
3
Total recoveries of amounts written off in previous years 388 165 33 76 146 808
Charge to income statement 709 681 299 469 1,434 3,592
Exchange and other movements11 (387) (82) 16 (482) (2,084) (3,019)
Impairment allowances at 31 December 2015 3,869 1,525 1,418 2,041 720 9,573
Impairment allowances against banks:
–
individually assessed
–
–
18
–
–
18
Impairment allowances against customers:
–
individually assessed 2,661 908 1,068 327 438 5,402
–
collectively assessed10 1,208 617 332 1,714 282 4,153
Impairment allowances at 31 December 2015 3,869 1,525 1,418 2,041 720 9,573
Impairment allowances at 1 January 2014 5,598 1,214 1,583 4,242 2,564 15,201
Amounts written off
Personal (724) (463) (157) (1,030) (1,359) (3,733)
–
first lien residential mortgages (21) (17) (4) (731) (40) (813)
–
other personal3 (703) (446) (153) (299) (1,319) (2,920)
Corporate and commercial (1,202) (146) (47) (346) (684) (2,425)
–
manufacturing and international trade and services (732) (86) (41) (81) (428) (1,368)
–
commercial real estate and other property-related (342) (53) (6) (153) (39) (593)
–
other commercial4 (128) (7)
–
(112) (217) (464)
Financial (203)
–
(8) (6) (4) (221)
Total amounts written off (2,129) (609) (212) (1,382) (2,047) (6,379)
Recoveries of amounts written off in previous years
Personal 271 143 35 86 283 818
–
first lien residential mortgages 3 3
–
40 33 79
–
other personal3 268 140 35 46 250 739
Corporate and commercial 29 9 7 25 58 128
–
manufacturing and international trade and services 19 7 7 6 46 85
–
commercial real estate and other property-related 11
–
–
3 1 15
–
other commercial4 (1) 2
–
16 11 28
Financial 4 1
–
4
–
9
Total recoveries of amounts written off in previous years 304 153 42 115 341 955
Charge to income statement 1,079 644 (1) 300 2,033 4,055
Exchange and other movements11 (397) (46) (6) (635) (362) (1,446)
Impairment allowances at 31 December 2014 4,455 1,356 1,406 2,640 2,529 12,386
Impairment allowances against banks:
–
individually assessed 31
–
18
–
–
49
Impairment allowances against customers:
–
individually assessed 2,981 812 1,110 276 1,016 6,195
–
collectively assessed10 1,443 544 278 2,364 1,513 6,142
Impairment allowances at 31 December 2014 4,455 1,356 1,406 2,640 2,529 12,386
For footnotes, see page 191.